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Shore Bancshares
SHBI

78 hedge funds and large institutions have $154M invested in Shore Bancshares in 2018 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 27 increasing their positions, 22 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 22

0.71% less ownership

Funds ownership: 68.38% → 67.67% (-0.71%)

5% less funds holding

Funds holding: 82 → 78 (-4)

7% less capital invested

Capital invested by funds: $166M → $154M (-$12.1M)

60% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 5

Holders
78
Holders Change
-4
Holders Change %
-4.88%
% of All Funds
1.78%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
27
Reduced
22
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
+$1.74M
2
PCM
Penn Capital Management
Pennsylvania
+$725K
3
BlackRock
BlackRock
New York
+$652K
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$496K
5
Renaissance Technologies
Renaissance Technologies
New York
+$289K

Top Sellers

Rank Fund Capital Flow
1
BCM
Basswood Capital Management
New York
-$3.75M
2
BCM
Bridgeway Capital Management
Texas
-$538K
3
Millennium Management
Millennium Management
New York
-$344K
4
PAM
Panagora Asset Management
Massachusetts
-$175K
5
CIM
Corbyn Investment Management
Maryland
-$146K
Name Holding Trade Value Shares
Change 		Change in
Stake
JP Morgan Chase
26
JP Morgan Chase
New York
$1.42M -$22K -1,167 -1%
MAM
27
Martingale Asset Management
Massachusetts
$1.35M – – –
Deutsche Bank
28
Deutsche Bank
Germany
$1.27M -$47.2K -2,501 -3%
GC
29
Globeflex Capital
California
$1.13M +$79.3K +4,200 +7%
Acadian Asset Management
30
Acadian Asset Management
Massachusetts
$1.12M -$97.5K -5,169 -8%
HIM
31
Hillsdale Investment Management
Ontario, Canada
$993K – – –
Charles Schwab
32
Charles Schwab
California
$910K – – –
BCM
33
BHZ Capital Management
California
$805K +$97.9K +5,188 +13%
FG
34
FSI Group
Ohio
$749K – – –
OAM
35
Oxford Asset Management
United Kingdom
$738K -$63.6K -3,371 -7%
B
36
Bailard
California
$670K +$94.4K +5,000 +15%
GJL
37
Gendell Jeffrey L
$663K -$62.3K -3,299 -8%
Russell Investments Group
38
Russell Investments Group
United Kingdom
$658K -$21.1K -1,118 -3%
Millennium Management
39
Millennium Management
New York
$633K -$344K -18,248 -34%
SO
40
STRS Ohio
Ohio
$629K -$31.2K -1,654 -4%
TCIM
41
TIAA CREF Investment Management
New York
$582K -$48.2K -2,554 -7%
Wells Fargo
42
Wells Fargo
California
$556K +$146K +7,760 +33%
DCM
43
Dupont Capital Management
Delaware
$497K – – –
California Public Employees Retirement System
44
California Public Employees Retirement System
California
$496K – – –
AllianceBernstein
45
AllianceBernstein
Tennessee
$417K +$3.77K +200 +0.9%
TA
46
Teachers Advisors
New York
$392K -$3.94K -209 -0.9%
CEP
47
Chicago Equity Partners
Illinois
$365K – – –
Bessemer Group
48
Bessemer Group
New Jersey
$364K – – –
California State Teachers Retirement System (CalSTRS)
49
California State Teachers Retirement System (CalSTRS)
California
$344K – – –
HW
50
Hancock Whitney
Mississippi
$275K -$20.7K -1,095 -7%
1
2
3 4

SHBI Hedge Fund Activity: Q3 2018 in Review

78 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q3 2018, worth a combined $154M — down 7.3% from $166M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of SHBI and 2 opened new positions — a net loss of 3 holders — while 22 trimmed existing stakes and 27 added.

The largest buyer was Wellington Management Group, adding an estimated $1.74M. The largest seller was Basswood Capital Management, cutting an estimated $3.75M.

  • 78 institutional investors held Shore Bancshares (SHBI) as of Q3 2018, down from 82 in Q2 2018.
  • Funds reported $154M of Shore Bancshares stock for Q3 2018, down 7.3% quarter-over-quarter.
  • 2 funds opened new Shore Bancshares positions in Q3 2018 and 5 closed out, a net change of -3 holders.
  • The largest Shore Bancshares buyer in Q3 2018 was Wellington Management Group, an estimated $1.74M added.
  • The largest Shore Bancshares seller in Q3 2018 was Basswood Capital Management, an estimated $3.75M sold.

Based on aggregated 13F filings for Q3 2018.